Federal Reserve Economic Data: Your trusted data source since 1991

  • Percent, Annual, Not Seasonally Adjusted 1980 to 2020 (May 7)

    Ratio between credit by domestic money banks to the government and state-owned enterprises and GDP. Raw data are from the electronic version of the IMF's International Financial Statistics. IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF). Missing observations are imputed by using GDP growth rates from World Development Indicators, instead of substituting the levels. This approach ensures a smoother GDP series. (International Monetary Fund, International Financial Statistics) Source Code: GFDD.EI.08

  • Percent, Annual, Not Seasonally Adjusted 1980 to 2020 (May 7)

    Ratio between credit by domestic money banks to the government and state-owned enterprises and GDP. Raw data are from the electronic version of the IMF's International Financial Statistics. IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF). Missing observations are imputed by using GDP growth rates from World Development Indicators, instead of substituting the levels. This approach ensures a smoother GDP series. (International Monetary Fund, International Financial Statistics) Source Code: GFDD.EI.08

  • Millions of Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 2018 to Q4 2023 (Mar 29)

    Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state). For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

  • Millions of Chained 2017 Dollars, Annual, Not Seasonally Adjusted 1997 to 2023 (May 23)

    Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state). For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

  • Millions of Chained 2017 Dollars, Annual, Not Seasonally Adjusted 1997 to 2023 (May 23)

    Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state). For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

  • Billions of Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 1958 to Q1 2024 (2 days ago)

    BEA Account Code: B245RC For more information about this series, please see http://www.bea.gov/national/.

  • Millions of Dollars, Quarterly, Seasonally Adjusted Annual Rate Q4 1946 to Q4 2023 (Mar 7)

    Source ID: FA216902005.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FA216902005&t=) provided by the source.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Percent of GDP, Annual, Not Seasonally Adjusted 1994 to 1994 (2020-12-17)

    Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Nations that are included in this data series are listed at https://datahelpdesk.worldbank.org/knowledgebase/articles/906519 Source Indicator: GC.DOD.TOTL.GD.ZS

  • Percent of GDP, Annual, Not Seasonally Adjusted 1995 to 2022 (Dec 19)

    Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. World Bank Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Source Indicator: GC.DOD.TOTL.GD.ZS

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Millions of Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 2018 to Q4 2023 (Mar 29)

    Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state). For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

  • Index 2017=100, Annual, Not Seasonally Adjusted 1997 to 2023 (May 23)

    Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state). For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

  • Billions of Chained 2009 Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 1947 to Q2 2017 (2017-09-28)

    This series has been discontinued and will no longer be updated. It was a duplicate of the following series, which will continue to be updated: https://fred.stlouisfed.org/series/GCEC1 A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

  • Percent of GDP, Annual, Not Seasonally Adjusted 1996 to 2022 (Apr 29)

    Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the Government Finance Statistics Manual 2001 (GFSM 2001) system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). A projection of this data can be found at https://fred.stlouisfed.org/series/GGGDTPMXA188N. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

  • Billions of Chained 2017 Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 1947 to Q1 2024 (2 days ago)

    BEA Account Code: A767RX For more information about this series, please see http://www.bea.gov/national/.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of Chained 2017 U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.

  • Thousands of Chained 2017 U.S. Dollars, Annual, Not Seasonally Adjusted 2017 to 2022 (Dec 18)

    GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.


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